RSN Fundraising Banner
FB Share
Email This Page
add comment
Print

Savage writes: "When President Trump signed the $2 trillion economic stabilization package on Friday to respond to the coronavirus pandemic, he undercut a crucial safeguard that Democrats insisted upon as a condition of agreeing to include a $500 billion corporate bailout fund."

The White House at night. (photo: Susan Walsh/AP)
The White House at night. (photo: Susan Walsh/AP)


Trump Suggests He Can Gag Inspector General for Stimulus Bailout Program

By Charlie Savage, The New York Times

29 March 20


In a signing statement, the president undermined a key safeguard Democrats had insisted upon as a condition of approving $500 billion in corporate relief in the $2 trillion law.

hen President Trump signed the $2 trillion economic stabilization package on Friday to respond to the coronavirus pandemic, he undercut a crucial safeguard that Democrats insisted upon as a condition of agreeing to include a $500 billion corporate bailout fund.

In a signing statement released hours after Mr. Trump signed the bill in a televised ceremony in the Oval Office, the president suggested he had the power to decide what information a newly created inspector general intended to monitor the fund could share with Congress.

Under the law, the inspector general, when auditing loans and investments made through the fund, has the power to demand information from the Treasury Department and other executive branch agencies. The law requires reporting to Congress “without delay” if any agency balks and its refusal is unreasonable “in the judgment of the special inspector general.”

READ MORE

e-max.it: your social media marketing partner
Email This Page

 

THE NEW STREAMLINED RSN LOGIN PROCESS: Register once, then login and you are ready to comment. All you need is a Username and a Password of your choosing and you are free to comment whenever you like! Welcome to the Reader Supported News community.

RSNRSN